Funding Requirement

The 2019–20 Victorian Budget was handed down by the Treasurer of Victoria, The Honourable Tim Pallas MP, on the 27th May 2019.

TCV's total funding requirement for the financial year ending 30 June 2020 is $5.5 billion.

The following table outlines the projected borrowing program for the budget planning period.

 2019-20
$A millions
2020-21
$A millions
2021-22
$A millions
2022-23
$A millions
New money   5,276  6,847  1,877  2,894
Client loan refinancing  3,261  3,359  3,203  3,153
Completed forward refinancing  -3,000      
Total  5,537  10,206  5,080  6,047


The $5.5 billion long term funding requirement reflects the borrowing needs of the Non-Financial Public Sector.